AMLYZE Onboards Advanzia Bank as Its Latest Client, Marking a Key Step in European Expansion

AMLYZE, a leading provider of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) solutions, is proud to announce that it has successfully onboarded Advanzia Bank, one of the most innovative digital banks in Europe, as its newest client.

Advanzia Bank, renowned for its Cards-as-a-Service solutions and digital-first approach, currently serves 2.8 million credit card customers across Europe. The bank has selected AMLYZE’s Transaction Monitoring and Customer Screening modules to strengthen its financial crime prevention framework and support scalable compliance as it diversifies its offers and client segments.

This partnership marks a key milestone in AMLYZE’s strategic expansion into Western Europe. Luxembourg, a global financial hub, was chosen as an entry market due to its reputation for housing leading international financial institutions.

"It’s a privilege to welcome Advanzia Bank as our newest client," said Gabrielius Erikas Bilkštys, Chief Executive Officer at AMLYZE.

"This collaboration demonstrates how AMLYZE’s solutions can empower financial institutions to scale their operations, enhance compliance, and safeguard their growth. With our insider regulatory expertise and cutting-edge technology, we’re proud to support Advanzia Bank on their journey of growth and innovation."

Beyond Partnership: Advanzia’s Commitment as an Investor

Advanzia’s belief in AMLYZE’s mission extends beyond technology adoption – it is also participating in AMLYZE’s latest investment round as an institutional investor. This dual collaboration reinforces the bank’s confidence in AMLYZE’s transformative impact on financial crime prevention technology.

"At Advanzia Bank, we’re committed to embracing innovation to strengthen our compliance framework," said Nishant Fafalia, CEO at Advanzia Bank.  "Partnering with AMLYZE allows us to optimize processes, mitigate financial crime risks, and maintain regulatory excellence. Our participation in AMLYZE’s investment round reflects our confidence in their solutions to enhance AML/CFT practices in the financial sector."

Unlocking Growth with AMLYZE’s Technology

By integrating AMLYZE’s compliance technology, Advanzia Bank reinforces its ability to monitor transactions and screen customers against sanction lists, politically exposed persons (PEP) databases, and adverse media sources. AMLYZE’s modular AML/CFT suite ensures efficient risk detection, optimized operations, and proactive regulatory compliance – helping financial institutions stay ahead of emerging threats while scaling sustainably.

 

About AMLYZE:

AMLYZE is a Software-as-a-Service (SaaS) RegTech offering a suite of anti-financial crime solutions for all types of financial services providers. Comprehensive modules include real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, PEP, sanctions, and adverse media screening.

The company's products have been developed by a team of AML experts and former regulators leveraging extensive experience in supervising financial institutions while working with central banks and law enforcement agencies. This insider knowledge has enabled the creation of cutting-edge technology solutions that streamline AML/CFT and compliance processes to unprecedented levels of efficiency.

AMLYZE has been working on its core solutions since 2019 and started. The company has been repeatedly recognized for its innovations in the field of combating financial crime.

This April, AMLYZE launched AMLTRIX – a community-driven framework for understanding, detecting, and mitigating illicit financial activity, designed to help standardize the global fight against money laundering.

For more information, visit AMLYZE website, LinkedIn, or X pages.

 

About Advanzia Bank:

Founded in 2005 in Luxembourg, Advanzia Bank S.A. is a European digital bank specializing in credit cards and Cards-as-a-Service (CaaS) solutions for private customers and institutional clients. Advanzia’s mission is to make finance easier and more inclusive by offering simple, smart and user-friendly payment and credit solutions that provide financial flexibility and deliver added value for its customers.

With 2.8 million credit card clients, Advanzia is a leading issuer in Germany and maintains a strong presence in Luxembourg, Austria, Italy and Spain. As the go-to CaaS provider in Europe, the bank cooperates with leading brands, offering scalable and bespoke credit card and payment solutions to enhance customer loyalty and create a competitive advantage. In 2024, Advanzia employed 231 people and achieved a total credit card turnover of EUR 7.8 billion in transaction volume.